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Sep 28, 2012
09/12
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but it is facing an unbalanced economy. when the export sector suffers -- perhaps there is a glimmer of light in the u.s. the u.s. is predicted to grow at 2%. that could support japan. but the biggest export partner is china and the real problem is not so much the island dispute, but the quite serious slowdown we're seeing in china. but it's considered it will slow down quite considerably for the foreseeable future. so not a particularly good point. >> you raise a good point, how relaxed you can be when we don't know what will happen over the islands? >> we've had these spats before. island disputes are a fairly natural byproduct of a more as ser difference c assertive china. you have a leadership transition in china, in the u.s., you have a leadership transition in japan of course. my forecast is that once these transitions have taken place, things will come back and business will turn to normal until the next time there's a spate. you but i don't expect this spate to get out of control to any greater extent than we've alr
but it is facing an unbalanced economy. when the export sector suffers -- perhaps there is a glimmer of light in the u.s. the u.s. is predicted to grow at 2%. that could support japan. but the biggest export partner is china and the real problem is not so much the island dispute, but the quite serious slowdown we're seeing in china. but it's considered it will slow down quite considerably for the foreseeable future. so not a particularly good point. >> you raise a good point, how relaxed...
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Sep 28, 2012
09/12
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citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we hahave that anymore? is that gone? no, they don't have it. >> i saw the dow, s&p and nasdaq. >> what did it add up to? adds up to like 15 or so. >> i just saw for this quarter. >> oh, it didn't show first quarter, second quarter -- >> no. >> there are corporate headlines. people started getting plaq blackberries? >> they beat expectations. >> they lost money, they beat expectations. >> but they added subscribers. >> subscribers in developed countries. the point is a developing -- in the developing countries, i mean -- >> that's us. >> no, developing. >> okay. >> so
citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we...
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Oct 4, 2012
10/12
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CNBC
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economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's crucial services sector grows at its fastest rate in seven months, while the government gets set to take another swing at boosting it through foreign investments. thanks very much for joining me. anyone that's missing ross, he'll be back in tomorrow. but for now, you're all mine. . plenty to come on the next couple hours of the show. lots of guests to help us figure out what's going on. we'll get a view from sydney about cautious shoppers. borrowing costs are expected to fall. we'll bring you those results from madrid.
economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's...
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Oct 1, 2012
10/12
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CNBC
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economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to come off a mammoth real estate boom. they're doing a better job than we did. >> craig barrett is our guest host today, former intel chairman and ceo and talked about how technology is going to go the same way as the international markets, 70% to 80% of the sales of big tech companies are. do you worry about it coming back to our shores anything that's happening overseas and affecting our own home companies, too? >> there's no question. what is it, 40%, 45% of the profits of the s&p come from global non-u.s. sale
economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to...
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Oct 4, 2012
10/12
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CSPAN
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the economy right now? is there too much? mr. president, should there be more? this is a two-minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations regulation can become excessive. >> is it excessive now? where? >> in some places, with some of the legislation passed during the president's term, it has become excessive. it has hurt the economy. for example, dodd-frank designates banks too big to fail. this is an enormous boom for new york banks. there have been 122 community and small banks have close since dodd-frank. >> you want to repeal dodd- frank? >> i would repel and replace it. you can i get rid of all regulation. -- you cannot get rid of all regulation. there are some parts that make all of the sense in the world. in a transparency, the average leverage limits. thist's let him respond to specific one --
the economy right now? is there too much? mr. president, should there be more? this is a two-minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations regulation can become excessive. >> is it excessive now? where? >> in some places, with some of the legislation passed during the...
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two trillion dollars annually that edges over that creates the american economy known as a mitt romney correctly pointed out last night without regulations you don't have it on hand and i don't want to rule over a soccer game and no one is talking about eliminating the regulatory state but we have to look at the fact that you were on a second ago you ride them not only to get entirely but we can if we cut the regulatory state by twenty percent we can create twelve million jobs into low gear i'll give you our. completely rather than of what we've seen president obama in these past four years he's limited more regulation of small business is than george bush did in eight years what the right that is a job is don't know but it was a lot through regulatory guidelines for these unlimited regulation when i go to a tournament i just said limited regulations but regulatory cost regulatory costs under obama have gone up forty five percent the idea of the regulator who according to the small business administration and they they do what they do with a five year snapshot of the regulatory state a
two trillion dollars annually that edges over that creates the american economy known as a mitt romney correctly pointed out last night without regulations you don't have it on hand and i don't want to rule over a soccer game and no one is talking about eliminating the regulatory state but we have to look at the fact that you were on a second ago you ride them not only to get entirely but we can if we cut the regulatory state by twenty percent we can create twelve million jobs into low gear...
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melted down two thousand is in-style bring all businesses are bigger now but the economy has grown. frank didn't solve any of the problems is systemic problems we had wall street it didn't do anything to go it that so so would you suggest that we break up the big banks no way i think we should repeal dodd frank. you don't like god frank is it doesn't break up the big banks when they wouldn't want to is that got me an annoyed me about this debate last night is that jim lehrer's question was about the regulatory state and all of us on the president turns it to to an issue of dodd frank and the fact is that we cannot as a society ignore the fact that we have a regulatory state that cost the american economy two trillion dollars annually and sort of is over that creates the american economy no going to has a mitt romney correctly pointed out last night without regulations you don't have to go on and on and i don't want to rule over a soccer game but no one is talk. about eliminating the regulatory state but we have to look at the fact that you were on a second ago you were i don't know
melted down two thousand is in-style bring all businesses are bigger now but the economy has grown. frank didn't solve any of the problems is systemic problems we had wall street it didn't do anything to go it that so so would you suggest that we break up the big banks no way i think we should repeal dodd frank. you don't like god frank is it doesn't break up the big banks when they wouldn't want to is that got me an annoyed me about this debate last night is that jim lehrer's question was...
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Oct 5, 2012
10/12
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KOFY
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. >> most folks are going to work, they believe enough in this economy to seek or get jobs that's really significant. >> reporter: the nation added 114,000 jobs in september, modest number about wt economists were expecting. the government reported upward revision for july and august. 86,000 jobs added over those two months. after president obama's weak debate performance wednesday, democrats are hoping this positive economic news can be a potential boost. >> the president: today's news certainly is not an excuse to try to talk down the economy to sre a few political points. it is a reminder that this country has come too far to turn back now. >> reporter: mitt romney responded to the jobs report, this is not what a real recovery looks like. former ceo of ge jack welsh ignited a twitter storm this morning when he accused the obama administration of manipulating the numbers for political gain. >> there are always charges of manipulation on either side that's conspiracy thinking. >> reporter: the bureau who put out the jobs report are infrom the political process some republicans say welsh
. >> most folks are going to work, they believe enough in this economy to seek or get jobs that's really significant. >> reporter: the nation added 114,000 jobs in september, modest number about wt economists were expecting. the government reported upward revision for july and august. 86,000 jobs added over those two months. after president obama's weak debate performance wednesday, democrats are hoping this positive economic news can be a potential boost. >> the president:...
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Sep 30, 2012
09/12
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FBC
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we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent because we have an economy that has to many burdens. large new spending programs, large debt, and now large regulatory burden. lori: the most costly federal agencies of the epa, department of housing and human services. ideas for cuts? baena we are locked in as we are talking about, but going forward . >> you have to go to the epa and ask a very, very serious question. what point have we crossed the line with a green agenda is crushing the jobs agenda. i think that is a place where we ought to start. think hard about has been goin
we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent...
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Oct 4, 2012
10/12
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the economy right now? is there too much? mr. president, should there be more? this is not in -- this is a two- minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations for an economy to work. regulation can become excessive. >> is it excessive now? where? >> in some places. with some of the legislation passed during the president's term, it has become excessive. it has hurt the economy. for example, dr. frank -- dod rank -- dod -frank dissipates banks too big to fail. this is an enormous boon for new york banks. there have been 122 community and small banks have close since dodd-frank. >> you want to repeal dodd- frank? >> i would repel and replace it. there are some parts that make all of t sense in the world. in a transparency, the average once -- leverage lemons. --limits. >> of us to let him respond to this
the economy right now? is there too much? mr. president, should there be more? this is not in -- this is a two- minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations for an economy to work. regulation can become excessive. >> is it excessive now? where? >> in some places. with...
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Oct 3, 2012
10/12
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CSPAN2
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we need a one-nation economy. and the first big mission of the next labor government is to sort out the banks. sort them out once and for all. not just -- [applause] not just prevent another crisis but to do what hasn't been doing in decades. necessary to enable us to pay our way in the world. we need banks to serve the country, not a country that serves the banks. [applause] think about the small business i talked about earlier on. he wanted to be able to go to the bank, look at the manager in the eye, and know he was working for him. instead he found a bank more interested in playing the international money markets. that's why he was ripped off. of course, this government promised change, but things aren't really changing. so i've got a message for the bank. we can do this the easy way or the hard way. either you fix it yourselves between now and the election, or the next labor government will once and for all ensure that the high street bank is no longer the arm of a casino operation and we will -- [inaudible]
we need a one-nation economy. and the first big mission of the next labor government is to sort out the banks. sort them out once and for all. not just -- [applause] not just prevent another crisis but to do what hasn't been doing in decades. necessary to enable us to pay our way in the world. we need banks to serve the country, not a country that serves the banks. [applause] think about the small business i talked about earlier on. he wanted to be able to go to the bank, look at the manager in...
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Sep 29, 2012
09/12
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FBC
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the economy is still rough. neil: i think we have gotten used to this trend of lousy numbers. >> exactly, you are lowering the bar of expectation. i am so hopeful that we have two more unemployment report before the presidential election people will zero in on these and realize that the policies are not working. that the economy is trouble. >> at this point, we shouldn't be the country that celebrates media and. suddenly, i can return to the roots of america. show us how you do it. i am shocked that obama is polling better than mitt romney on the economy. neil: is that obama still? >> it is the phrase du jour. i want to hear him be loud about this. spending cuts and higher taxes, they say that this will drive us into a full recession if they don't resolve it. neil: bearer scaring everyone is a party, they are scaring everyone. >> they should be scared. >> the bottom line is that this is not the america that became the greatest country in the world. this is not the america that will continue to be the greatest co
the economy is still rough. neil: i think we have gotten used to this trend of lousy numbers. >> exactly, you are lowering the bar of expectation. i am so hopeful that we have two more unemployment report before the presidential election people will zero in on these and realize that the policies are not working. that the economy is trouble. >> at this point, we shouldn't be the country that celebrates media and. suddenly, i can return to the roots of america. show us how you do it....
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Oct 4, 2012
10/12
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CNNW
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every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have ever seen. 122 community and small banks have closed since dodd-frank. there is one example. >> you want to repeal dodd-frank? >> repeal and replace it. we're not getting rid of all regulation. there are some parts of dodd-frank that make all the sense in the world. you need transparency, you need to have leverage limits for -- >> here is the specific -- >> excuse me. >> let's talk about the big one. >> no, let's not. let's let him respond, let's let him respond to dodd frank and what the governor said. >> i think this is a great example, the reason
every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have...
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Sep 28, 2012
09/12
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FBC
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this is the worst economy since the great depression. we're beginning to get, crawl out from underneath it. the economy here in phoenix is getting a little better but there are still a lot of people that used to be solidly middle class living under very difficult circumstances. including many who thought they would never be living on food stamps are living on food stamps n any government program there is small amount of abuse. that is the vast minority of people. the vast majority of people are need a program to help them get through difficult times on a temporary basis. after this economy turns around they will be fully employed. i hate to criticize a program because there are some people abuse it. the vast majority of people are good, hard-working people that need it. i can only tell you if you play by the rules, under the food stamp program you don't get a lot, at least for food. the ones i'm really thinking about during last week were kids. i mean, skip a few meals, it is kids living through it. melissa: nobody wants kids to go hungr
this is the worst economy since the great depression. we're beginning to get, crawl out from underneath it. the economy here in phoenix is getting a little better but there are still a lot of people that used to be solidly middle class living under very difficult circumstances. including many who thought they would never be living on food stamps are living on food stamps n any government program there is small amount of abuse. that is the vast minority of people. the vast majority of people are...
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Oct 4, 2012
10/12
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CURRENT
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they are doing just fine in this economy. the people having a hard time right now are middle income americans. they have been buried. they are just being crushed. middle income americans have seen their income come down by $4,300. this is a tax in and of itself i'll call it the economy tax. it has been crushing. at the same time gasoline prices have doubled under the president, electric rates are up food prices are up health care costs have gone up by $2,500 a family. middle income families are being crushed. and the question is how to get them going again, and i described it energy trade, the right kind of training programs balancing our budget, and helping small business. but the president mentioned a couple of other ideas. first education. i agree. education is key. but our training programs right now, we have 47 of them housed in the federal government reporting to eight different agencies, we have got to get those dollars back to the states and go to the workers so they can create their own pathways to get in the trainin
they are doing just fine in this economy. the people having a hard time right now are middle income americans. they have been buried. they are just being crushed. middle income americans have seen their income come down by $4,300. this is a tax in and of itself i'll call it the economy tax. it has been crushing. at the same time gasoline prices have doubled under the president, electric rates are up food prices are up health care costs have gone up by $2,500 a family. middle income families are...
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Oct 1, 2012
10/12
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MSNBCW
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on the one hand, this election is about the economy. and regardless of how tempting foreign policy is right now, come election day, voters care most about the economy. that's true i think every year. we know this from 2004. which was supposed to be an election on foreign policy and still exit polls showed most voters cared about the economy. so i think the advisors who want him to stay on message about the economy are right. however, the other side to this, and i guess i'm arguing two points here, the other side to this is, there are areas to exploit. obama's foreign policy has been whitewashed by his defenders and i think there are people on the right in the middle and honest people on the left who would be outraged to hear a little bit more about obama's failed promises. the problem mitt romney is going to have, he has to come at foreign policy from the left and right. that's tricky. from the right, he needs to talk about obama's policy of open hands versus clenched fists, have seen deterioration with relationships with russia, iran,
on the one hand, this election is about the economy. and regardless of how tempting foreign policy is right now, come election day, voters care most about the economy. that's true i think every year. we know this from 2004. which was supposed to be an election on foreign policy and still exit polls showed most voters cared about the economy. so i think the advisors who want him to stay on message about the economy are right. however, the other side to this, and i guess i'm arguing two points...
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the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan will kill 700,000 jobs. i don't want to kill jobs in this environment. i want to make one more point. >> let him answer the tax thing for a moment. >> okay. >> mr. president. >> well, we've had this discussion before. >> well, in order -- about the idea to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. >> mr. romney has rule out revenue. >> look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and balanc
the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan...
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Oct 3, 2012
10/12
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than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot of tonight is going to be about president obama's record, just since four years ago president obama was looking back at the record of those he wanted to replace. >>ormer republican governor out here. thanks for coming on this. >>> the monthly private payrolls report is out today. markets are just opening. let's get to the market run down. becky quick is here on the other side of the camera. >> i like this. >> private payroll, adp. mid 100s. does it tell us anything? >> 162 is better than the street has been expecting. adp does payrol
than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot...
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Sep 30, 2012
09/12
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WMAR
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it's all on domestic issues, the first half, jobs and the economy, the second half, health ka'aihue and other domestic issues. david? >> david kerley in washington tonight, david, thanks very much. >>> i want to bring in abc news political analyst matt dowd who advised both republican and democratic campaigns age that is always great to have you with us. you have three things for everyone to watch for. one of the things you point out body language could have a bigger impact on words. we remember al gore and george bush having a field day with those. >> i've had a record of that in texas. >> as if the sighing weren't bad enough gore's behavior got worse. [ laughter ] >> in that same year we remember the moment when al gore got up, walked over towards governor bush and this is his reaction. >> flying to get things done. >> and i believe i can. [ laughter ] >> famous moment, years prior there was h.w. bush checking his watch. famous moments. are these debate prep teams saying this is what you don't do. >> at this point in time they're emphasizing style as opposed to substance right now bec
it's all on domestic issues, the first half, jobs and the economy, the second half, health ka'aihue and other domestic issues. david? >> david kerley in washington tonight, david, thanks very much. >>> i want to bring in abc news political analyst matt dowd who advised both republican and democratic campaigns age that is always great to have you with us. you have three things for everyone to watch for. one of the things you point out body language could have a bigger impact on...
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Oct 5, 2012
10/12
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CNNW
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our economy doesn't grow from the top down. it grows from the middle out. we don't believe that anybody's entitled to success in this country. but we do believe in opportunity. we believe in a country where hard work pays off and responsibility is rewarded and everybody is getting a fair shot. and everybody is doing their fair share and everybody is playing by the same rules. that's the country we believe in. that's what we have been fighting for the last four years. that's what we are going to put in place in the next four years, if you re-elect me as president of the united states of america. that's what we're going to do. >> and a very friendly crowd at the george mason university campus in fairfax, virginia. and you're hearing some of the typical stump speech, but not only two minutes into the stump speech, the president was able to say we have the lowest unloimt number u unemployment numbers out this morning as soon as i took office and then we have come too far to turn back now. and was able to reinvoke another reference to big bird, which is getting
our economy doesn't grow from the top down. it grows from the middle out. we don't believe that anybody's entitled to success in this country. but we do believe in opportunity. we believe in a country where hard work pays off and responsibility is rewarded and everybody is getting a fair shot. and everybody is doing their fair share and everybody is playing by the same rules. that's the country we believe in. that's what we have been fighting for the last four years. that's what we are going to...
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Sep 28, 2012
09/12
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MSNBC
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on the economy, right? that's h the comments were perceived. to your question, ed, i want to add, this is not just having a trickledown effect to other senate races. the only shot we have at elecng a new woman governor is acly -- >> it's ticket-wide, no tion. >> who shouldn't be in a neck and neck race, but is, because of what's going on nationally with the gop. >> keli goff, sam stein. >>> coming up, a hidden video at a mitt romney fund-raiser has sparked controversy about mitt mney's past investments in china. we'll tell you all about it next. >>> up next, new dls about mitt romney's past investments in china. ttnepanvenlsut in china. >>> and later george w. bush is staying away from the campaign trail, but his trip to the cayman islands could be a headache for mitt. >>> when i was back in my private equity days we went to china to buy a factory there. and, boy, about 20,000 people, and they work in these huge factories. they make various small appliances. and we re wkingo fatyeiherke mber of hours they w
on the economy, right? that's h the comments were perceived. to your question, ed, i want to add, this is not just having a trickledown effect to other senate races. the only shot we have at elecng a new woman governor is acly -- >> it's ticket-wide, no tion. >> who shouldn't be in a neck and neck race, but is, because of what's going on nationally with the gop. >> keli goff, sam stein. >>> coming up, a hidden video at a mitt romney fund-raiser has sparked controversy...
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Oct 3, 2012
10/12
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KOFY
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reporter: tonight both candidates will have their moment to talk about the big issues, including the economy and 50 million are expected to watch this debate. brandi hitt, abc7 news. >> you can catch abc news specialoverage of the debat starng at:00 ter th bate: >> if you would like to join your fellow voters to watch tonight's debate, there are plenty of viewing parties we have a full list on abc7news.com under see it on tv. >>> some voters say i'm going to least country if the other guy wins. jetblue is offering them a way to do that the airline is giving away two -- 2012 seats to customers that come on the loosing end of the battle between president obama and mitt romney, 2012 seats. travelers whose candidate doesn't win can enter a contest to escape to mexico, the caribbean or other destinations outside the u.s. to ease their pain. >>> we want them to come back there, right? >> round trip good point. >> going to cool down a bit? >> yeah you don't have to it is making its way towards us hazy skies back from emeryville this morning, flags outside notice where they are blowing here in san f
reporter: tonight both candidates will have their moment to talk about the big issues, including the economy and 50 million are expected to watch this debate. brandi hitt, abc7 news. >> you can catch abc news specialoverage of the debat starng at:00 ter th bate: >> if you would like to join your fellow voters to watch tonight's debate, there are plenty of viewing parties we have a full list on abc7news.com under see it on tv. >>> some voters say i'm going to least country...
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Oct 5, 2012
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absolutely, overtime, this is a long-term change in the economy. there are fewer people in the workforce. it is unclear where that is going to go. it is not realistic to think everyone who had a job best recession will have a job after the recession. a lot of the jobs are gone. that reflects major change happening in the machinery of the economy. that will take a long-term to lay out. >>trace: thank you, rick, good to see you. the deadly attacks in libya exposing aist between the obama administration and high ranking intelligence officials. what we are leng -- learning about the internal debate that followed the murder of four americans. and a recall of potentially contaminated drug expands, the latest meningitis cases are ahead. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. c
absolutely, overtime, this is a long-term change in the economy. there are fewer people in the workforce. it is unclear where that is going to go. it is not realistic to think everyone who had a job best recession will have a job after the recession. a lot of the jobs are gone. that reflects major change happening in the machinery of the economy. that will take a long-term to lay out. >>trace: thank you, rick, good to see you. the deadly attacks in libya exposing aist between the obama...
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cover as much smaller section of the economy. so that survey, which is what gave you the 7.8% number is a very volatile kind of survey. so i wouldn't be at all surprised to see employment survey you have to focus on. i think that is what most serious investors focus on, not the 7.8% number. melissa: if you try to put all the data together, employment reports we're talking about today, gdp number at 1.3%. everything out there that is floating around your interpretation is not that we have a big recovery going on or that we're slipping back into a double-dip recession but rather things are getting better in very slow increments? is that your interpretation. >> that is very well-said. we're grinding forward in this economic recovery. we're looking at an economy that is creating jobs but not sufficient, not at a sufficient enough pace to cover the new entrants into the work first. -- force. what we have is forward momentum. we have slow growth, maybe one to 2% growth in the economy but really nothing that we've seen before in many ge
cover as much smaller section of the economy. so that survey, which is what gave you the 7.8% number is a very volatile kind of survey. so i wouldn't be at all surprised to see employment survey you have to focus on. i think that is what most serious investors focus on, not the 7.8% number. melissa: if you try to put all the data together, employment reports we're talking about today, gdp number at 1.3%. everything out there that is floating around your interpretation is not that we have a big...
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Oct 5, 2012
10/12
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and future economies. let me play a clip from wednesday's debate. >> i think it's, frankly, not moral for my generation to keep spending massively more than we take in knowing those burdens are going to be passed on to the next generation, and they're going to be paying the interest and the principle all their lives, and the amount of dead we're adding at a trillion a year is simply not moral. >> which brings us to your provocative article in the national journal, generational warfare, the case against parasitic baby boomers. you start reading it and it says i love my father, there's a lovely picture of your father and you accuse him and all the other parasite his age of breaking the sacred bargain that every generation will pass a better country on to their children than the one they inherited. and then he kind of kicks your butt in the argument when you try to point out point by point. tell us why you wrote this article. >> well, first off, i'd like to point out i win at the end. secondly, he also wins b
and future economies. let me play a clip from wednesday's debate. >> i think it's, frankly, not moral for my generation to keep spending massively more than we take in knowing those burdens are going to be passed on to the next generation, and they're going to be paying the interest and the principle all their lives, and the amount of dead we're adding at a trillion a year is simply not moral. >> which brings us to your provocative article in the national journal, generational...
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Oct 5, 2012
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back, keep the economy moving in the right direction. the labor market is clearly improving. frankly, many of us -- i'm sure the president as well would like to see it improving more quickly. but it's unquestionably a recovery, unquestionably moving in the right direction. should it be moving there more quickly? would we like to see that? absolutely. but no question there's positive momentum. >> economists and the cbo have given the projection of roughly 12 million jobs to be added over the next four years. this was the big talking point for mitt romney is he will create these jobs during his presidency. but this is already an established number. that this is coming on the economic path that we're already on. >> effectively, yes. and the private economists and the cb o economists in their budget estimates have put this number out there. and, yeah, the path would allow for that, although we've only recaptured 5 million jobs of the 8 million lost in the recession in the last three or four years. so we don't know what that number is actuall
back, keep the economy moving in the right direction. the labor market is clearly improving. frankly, many of us -- i'm sure the president as well would like to see it improving more quickly. but it's unquestionably a recovery, unquestionably moving in the right direction. should it be moving there more quickly? would we like to see that? absolutely. but no question there's positive momentum. >> economists and the cbo have given the projection of roughly 12 million jobs to be added over...
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Oct 1, 2012
10/12
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romney only leads on handling the deficit but the two are split on the economy. obama is leading on medicare, health care. people find his international policies doing a little bit better, as well. the romney campaign is trying to cut into the margins and what has been obama's strength, to bring that down ahead of the debate on wednesday which will focus on domestic policy which is interesting that romney is going after foreign policy this week. >>shepard: i found it interesting, as well, but based on what has happened the last couple of weeks, i guess governor romney and his team think we have an opportunity here, why not seize it? >>guest: absolutely. we saw the op-ed today from romney. that's a point of weakness for obama at this point. so the romney campaign will go after that. foreign policy will be a big issue with only a little over a month to go. >>shepard: thank you, great to see you. >> administration folks are trying to figure out how the deadly attacks in benghazi occurred. a suicide bombing in afghanistan pushes the american casualty count beyond a g
romney only leads on handling the deficit but the two are split on the economy. obama is leading on medicare, health care. people find his international policies doing a little bit better, as well. the romney campaign is trying to cut into the margins and what has been obama's strength, to bring that down ahead of the debate on wednesday which will focus on domestic policy which is interesting that romney is going after foreign policy this week. >>shepard: i found it interesting, as well,...
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Oct 2, 2012
10/12
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in an address economic club in indiana, action is necessary because the economy isn't growing fast enough. >> bringing down long-term interest rates should support economic fwroet and employment by lowering the cost of borrowing to buy homes and cars or to finance investments. >> today's speech just comes weeks after the feds mortgage bonds to boost market reports congress not to interfere in the fed's discussions. >>> early but momentum stalled late in the day. dow industrial rose 77, nasdaq lost 2. >>> yahoo's new ceo can now add mother to list of accomplishments. she gave birth to a baby boy last night one week ahead of her due date. she accepted the job as yahoo's ceo. the company's spokesman says mayer will work from home before rushing to office in would your honor two weeks. >>> speck tack rar sight today in san francisco bay. a hump back whale swimming in the water near the golden gate bridge. the captain tells us it's one of three whales in the area today. the number of whale sightings this year in both san francisco and monterey bay. >>> environmentalists criticizing a new plan
in an address economic club in indiana, action is necessary because the economy isn't growing fast enough. >> bringing down long-term interest rates should support economic fwroet and employment by lowering the cost of borrowing to buy homes and cars or to finance investments. >> today's speech just comes weeks after the feds mortgage bonds to boost market reports congress not to interfere in the fed's discussions. >>> early but momentum stalled late in the day. dow...
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Oct 3, 2012
10/12
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i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic response. >> maybe you get a little preview of it because the romney campaign released it directly looking into the campaign video. let me play a little clip of that. >> more americans live in poverty than when president obama took office. we should measure our compassion by how many of our fellow americans are able to get good paying jobs. not by how many are on welfare. >> governor rendell, we've kind of gotten this prevau that they plan to emphasize different numbers. numbers about the economy they think will make americans think twice about whether the p
i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic...
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the economy is not doing well. that is when he said he would stops along the the economy is not in play. liz: the nasdaq up 33% year over year. the s&p up 31%. what is the plan? what would cause that surprised? >> i think there is also a possibility of a negative surprise. my guess would be, not a prediction, my guess would be we could have all three things that have been concerning the market for the last three years. china, europe and the u.s., all three of them, could be a little bit better going into december. you can make the story up as well as i can. china will have a november 15 and over good that will be done. a lot of things on hold. things have been on hold with the change of leadership. they have said, i was over there two weeks ago, they have told me they believe the people on the ground, not the people -- they would get a better fourth order. the third quarter would be the low quarter. europe will get a little bit better. the u.s. will have a change by the end of november. liz: never count out the chi
the economy is not doing well. that is when he said he would stops along the the economy is not in play. liz: the nasdaq up 33% year over year. the s&p up 31%. what is the plan? what would cause that surprised? >> i think there is also a possibility of a negative surprise. my guess would be, not a prediction, my guess would be we could have all three things that have been concerning the market for the last three years. china, europe and the u.s., all three of them, could be a little...
WHUT (Howard University Television)
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Oct 4, 2012
10/12
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we very much still have a crisis in our economy. one out of two americans are in poverty or living at a low income and headed towards poverty. about 25 million people are either jobless or working in jobs that do not pay living wages. there are millions of people who lost their homes, approximately 8 million. there is no end in sight to the foreclosure crisis. we have an entire generation of students who are effectively indentured servants, who are trapped in a forgiving loans and do not have the jobs to pay them back -- and for giving loans and do not have the jobs to pay them back. we very much need new solutions. what we hear from both barack obama and mitt romney are essentially a rehash of where we have been not only for the past four years, but certainly for the eight years before that. we're hearing more about deregulating business and wall street, as if we did not having a problem from that already. we're hearing more about tax breaks for the wealthy, and we've seen tax breaks continue over the past many decades across all s
we very much still have a crisis in our economy. one out of two americans are in poverty or living at a low income and headed towards poverty. about 25 million people are either jobless or working in jobs that do not pay living wages. there are millions of people who lost their homes, approximately 8 million. there is no end in sight to the foreclosure crisis. we have an entire generation of students who are effectively indentured servants, who are trapped in a forgiving loans and do not have...
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Oct 5, 2012
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elect me, i can turn the economy around. but today the rationale for his entire campaign is crumbling. the new job numbers are out and unemployment has dropped to 7.8%. under 8% for the first time since president obama first came into office. that's progress on jobs and that's good for america. but it's absolutely demolishes a favorite romney talking point. >> three years later, unemployment is still above 8%. >> we've gone 41 months with unemployment above 8%. >> we've had 42 straight months with unemployment above 8%. >> still 8% with over 43 straight months. >> today, that talking point disintegrated and president obama has a strong record to campaign on. >> this morning we found out that the unemployment rate has fallen to the lowest level since i took office. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> now, governor romney issued a statement today saying, quote, this is not what a real
elect me, i can turn the economy around. but today the rationale for his entire campaign is crumbling. the new job numbers are out and unemployment has dropped to 7.8%. under 8% for the first time since president obama first came into office. that's progress on jobs and that's good for america. but it's absolutely demolishes a favorite romney talking point. >> three years later, unemployment is still above 8%. >> we've gone 41 months with unemployment above 8%. >> we've had 42...
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Sep 28, 2012
09/12
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that would slow the economy. it would reduce job creation and keep us stuck in the low growth, high unemployment environment we're at right now. lori: just for my background sake here in the u.s. we're at about 1% expansion rate. what is the highest level of income taxes you could pay to keep us in a free enterprise capital structure society? >> well, you know, i think it is hard to pick a particular rate because it depend on the tax base and a lot of other things. however, you know, right now we're at 35% and we have no growth. a lot of people point to the clinton years, you know what, we raised taxes and economy grew. go back and look at the in those days. the economy had everything going in its favor. right now the economy has everything going against it. raising taxes now based on lodgic we could raise it back then the two things don't jibe. we're in completely different time frame. lori: so what do you think will happen in france? you've got to predict a mass exodus. what does that mean for places like londo
that would slow the economy. it would reduce job creation and keep us stuck in the low growth, high unemployment environment we're at right now. lori: just for my background sake here in the u.s. we're at about 1% expansion rate. what is the highest level of income taxes you could pay to keep us in a free enterprise capital structure society? >> well, you know, i think it is hard to pick a particular rate because it depend on the tax base and a lot of other things. however, you know,...
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Sep 28, 2012
09/12
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CSPAN
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there is one by sector of the economy. he might be -- you might be -- age and income are frequently referred to. they represent degette. that is why it is so difficult for us to close it -- they represent the gap. that is why it is difficult for us to close is carried if i were also a candidate, i want to talk about the solution to the civil problem be to invest in kids. it is difficult to solve this problem without an economy that is doing better. one of the great disappointments to me, i can lay it on my own shoulders, when the auto industry ran into trouble, it got $80 billion. in the financial industry, when iran into trouble, it got $800 billion in the -- three months. how big is a sector that produces young adults? can you imagine an economy without young adults? if he were to expand into this economy is the sector that produces young adults, you know who produces your car or manages your checking account. that is the financial sector. you never produces the food on a table. the sector that produces young adults is a
there is one by sector of the economy. he might be -- you might be -- age and income are frequently referred to. they represent degette. that is why it is so difficult for us to close it -- they represent the gap. that is why it is difficult for us to close is carried if i were also a candidate, i want to talk about the solution to the civil problem be to invest in kids. it is difficult to solve this problem without an economy that is doing better. one of the great disappointments to me, i can...